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Arbe’s 4D Imaging Radar Technology Wins Informa Tech Automotive Award 2021 for ADAS & Autonomous Product/Service of the Year

Tel Aviv, Israel, November 18, 2021 / PRNewswire / – Work robotics Ltd. (Nasdaq: ARBE) (“Arbe”), a global leader in next-generation 4D imaging radar solutions, today announced that its 4D imaging radar technology has won the Informa Tech Automotive Awards for ADAS & Autonomous Product / Service of the Year won.

Work Robotics logo

Work Robotics logo

The Informa Tech Automotive Awards, formerly known as the TU-Automotive Awards, honor the best talent, products and services in automotive technology. The companies were selected according to strict criteria set by a jury supported by the editorial and analyst teams from WardsAuto and Wards Intelligence.

The basis of the award is that Arbe’s 4D Imaging Radar technology is revolutionizing automotive sensor technology with an affordable, ultra-high-resolution sensor that delivers top performance in all ambient, weather and light conditions and offers the market an unmatched level of security. Arbe’s technology has transformed the radar as a sensor by giving it functions that were previously incompatible with radar and associated with more expensive sensors. It is the first radar that can truly enrich perceptual algorithms to ensure they work in all corner cases and environments required to fulfill the Vision Zero security mission.

“We are very excited to be honored by Informa and to differentiate ourselves from a group of companies that represent excellence in automotive technology,” says Kobi Marenko, Chairman of the Board of Arbe. “Our 4D imaging radar technology has pushed the limits of what radar can do and reinvented the sensor by giving it ultra-high resolution and perceptual capabilities.”

Further information on the awards can be found at: https://wardsauto.informa.com/informa-tech-automotive-awards/ Information on or derived from this website or any other website is not part of this press release.

About work

Arbe (Nasdaq: ARBE), a global leader in next-generation 4D imaging radar chipset solutions, is leading a radar revolution that enables truly safe driver assistance systems today while paving the way for fully autonomous driving. Arbe’s imaging radar is 100 times more detailed than any other radar on the market and is a mandatory sensor for L2 + and higher autonomy. The company supports automobile manufacturers, tier 1 suppliers, autonomous land vehicles, commercial and industrial vehicles and a wide range of safety applications with advanced sensor technology and a paradigm-shifting perception. Arbe is a leader in the fast growing automotive radar market with an estimated total addressable market of $ 11 billion in 2025. Arbe is based in Tel Aviv, Israel, and has an office in The United States.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words “expect”, “believe”, “estimate”, “intend”, “plan”, “anticipate”, “project”, “can”, “should”, “strategy”, “future”, “be”, “Project”, “potential” and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, forecasts and other statements about future events that are based on current expectations and assumptions and are therefore subject to risks and uncertainties. Statements that are not historical facts are forward-looking statements. You should consider the risk factors and uncertainties set out in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note Regarding Forward-Looking Statements,” and the additional risks set out in the prospectus for Arbe dated November 2, 2021filed by Arbe with the Securities and Exchange Commission on. was submitted November 4, 2021, as well as Arbe’s other filings with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made and Arbe assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of their publication, unless required by law or statute.

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SOURCE Arbe